{"id":23692,"date":"2025-05-20T17:00:30","date_gmt":"2025-05-20T14:00:30","guid":{"rendered":"https:\/\/reganews.co.il\/en\/?p=23692"},"modified":"2025-05-20T15:45:25","modified_gmt":"2025-05-20T12:45:25","slug":"from-startup-nation-to-empire-state-collaboration","status":"publish","type":"post","link":"https:\/\/reganews.co.il\/en\/from-startup-nation-to-empire-state-collaboration\/","title":{"rendered":"From Startup Nation to Empire State Collaboration"},"content":{"rendered":"
As part of an effort to broaden Israel\u2019s global economic reach, a declaration of intent was signed this week to establish a joint economic council between New York and Israel.<\/p>\n
At a ceremony held in New York City, Israel\u2019s Minister of Economy and Industry, MK Nir Barkat, and New York City Mayor Eric Adams signed the agreement, which aims to link Israeli entrepreneurship with the heart of the American economy.<\/p>\n
Artificial Intelligence Leads the Way<\/strong><\/p>\nNew York opens its doors to Israeli companies | Photo: Ministry of Economy<\/figcaption><\/figure>\n
The council will promote collaboration in fields such as artificial intelligence, fintech, life sciences, environmental technology, digital health, and more. It will support Israeli companies expanding into the New York market, assist startups in entering the local ecosystem, and serve as a platform for events, conferences, and partnerships with New York-based firms.<\/p>\n
The council, which will include representatives from New York City and Israel\u2019s Economic Mission to the U.S., is expected to operate on a permanent basis and serve as a central body for bilateral cooperation. According to Minister Barkat, \u201cThis is a significant step toward strengthening Israeli exports and increasing the presence of Israeli innovation on the global stage.\u201d<\/p>\nNir Barkat, Minister of Economy and Industry | Photo: Avshalom Sassoni\/Flash90<\/figcaption><\/figure>\n
A $2.3 Trillion Market \n<\/strong>For the New York administration, the initiative continues a tradition of close cooperation with Israel, with a strong focus on mutual economic development. Mayor Adams emphasized that the council \u201cwill serve as a gateway for Israeli businesses and help them integrate into the local economy.\u201d<\/p>\n
Although the declaration is not legally binding, it reflects a mutual commitment to advancing strategic ties. It is part of a broader effort to deepen U.S.\u2013Israel trade relations, which now exceed $53 billion annually. With a gross domestic product of $2.3 trillion, New York represents a key target market for Israeli companies\u2014and the new council is expected to make access easier than ever.<\/p>\n","protected":false},"excerpt":{"rendered":"
A unique economic initiative has been signed between the City of New York and Israel\u2019s Ministry of Economy.<\/p>\n","protected":false},"author":40,"featured_media":23694,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,85,65],"tags":[3582,3939,3262,1605,2231,3493,5817],"class_list":["post-23692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-positive-moment","category-world","tag-artificial-intelligence","tag-economic-cooperation","tag-israeli-innovation","tag-new-york","tag-nir-barkat","tag-startups","tag-trade-relations"],"yoast_head":"\n
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